Elon Musk's net worth has risen to 677 billion dollars, thanks to the sales of SpaceX shares and the increased valuation of the company.

Elon Musk, the richest man in the world, has reached a net worth of 677 billion dollars, according to estimates by Forbes magazine. This increase was driven by recent stock sales of SpaceX by employees and investors, which led to a company valuation of 800 billion dollars, up from 400 billion dollars previously. Musk owns about 40% of SpaceX, and his wealth is primarily tied to his stakes in Tesla and SpaceX. Unlike Tesla, SpaceX is a private company, and its valuation is based on funding rounds and stock sales, not on stock prices. Elon Musk, a successful entrepreneur, founded SpaceX in 2002 and joined Tesla in 2004, having an impressive career path after graduating from the University of Pennsylvania.